UPDATE 2-Suzuki says to take capital stake in new Daewoo

Newswire

(Recasts, adds analyst comment in paragraph nine) By Edwina Gibbs TOKYO, June 25 (Reuters) - Japanese minivehicle maker Suzuki Motor Corp said on Tuesday it has agreed to take a capital stake in a new Daewoo Motor Co, a move that should help it expand in Asia and share vehicle development costs. Suzuki said in a statement that a basic agreement had been reached with General Motors Corp to invest in a new firm that will take over the assets of the failed South Korean car maker. It ...

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